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FBM KLCI edges higher amid regional downtrend; plantation stocks lead decliners

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KLCI,FBM KLCI,Bursa Malaysia

SEOUL: Amid prolonged controversy over excessive fees and a lack of transparency in the wedding industry, the South Korean government said it has mandated changes to contract terms at 18 major wedding planning firms.

KUALA LUMPUR: The FBM KLCI bucked the downtrend in most regional stock markets, staying in positive territory amid a cautious broader market.

There were 566 gainers, 435 losers and 514 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.83 billion shares valued at RM2.22bil. Newly listed Life Water surged 44.62%, or 29 sen, to 94 sen, becoming the most actively traded stock on Bursa Malaysia with 233.41 mil shares traded. Reuters reported that the ringgit was the major loser on Wednesday among broadly muted emerging Asian peers.

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FBM KLCI edges up at midday amid cautious broader marketPUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
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Banking stocks drive FBM KLCI higher at lunch breakThis year's event features a diverse lineup of 12 movies – including four restored classics, six contemporary flicks and two animated films.
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